Energy Aspects offers high-frequency research coverage of the global natural gas markets, led by Trevor Sikorski. We publish a comprehensive suite of reports combining data analysis, market fundamentals and forward-looking commentary. Our experienced analysts provide the information and insight you need to stay ahead of the global natural gas markets.
Next week's US Rig Report will be released on Wednesday 22 November, due to the Thanksgiving holiday.Within this report you will be able to review the latest figures published by Baker Hughes for the most important gas shale plays in the US.Fig 1: US total rig countFig 2: Appalachian shale plays..
Today’s report (week ended 10 Nov): EIA: -18 bcf, EA: -16 bcfToday’s report showed an 18 bcf withdrawal, which was slightly higher than both our forecast of 16 bcf and the consensus estimate of 15 bcf, but in line with the whispered number.We have made a 0.3 bcf/d upward adjustment to res-com and..
In this Insight, we evaluate the Q3 17 results for a broad sample of US producers, which has been extended to now include 51 firms. Our dataset looks at over 33 bcf/d of production in the US, allowing us to compile a more representative snapshot of activity in the upstream sector. Our review of 2..
Since the start of 2016, global coal benchmarks have been on a two-year upward run. Front-month coal has traded up towards the 100 $/t mark and Cif ARA has stayed above 80 $/t for the last four months, trading as high as 95 $/t.The key to the changing fortunes of the coal market in 2016 was a cha..
Next week's North American Storage Update will be released on Tuesday 21 November, due to the Thanksgiving holiday.Thursday’s EIA report (week ended 10 Nov) – EA Final Estimate: -16 bcfWe forecast tomorrow’s EIA report will show the first net withdrawal of this heating season, at 16 bcf. Although..
South Korean LNG imports were down by 0.49 Mt (15%) y/y at 2.76 Mt last month. Unseasonably cool weather and high imports in September have helped preserve stocks, leading the country to slow imports during the mild shoulder month of October.Imports of Qatari cargoes fell by a chunky 0.32 Mt (27%..
Mild weather cut LDZ gas demand and high wind generation curbed power sector gas demand across most of Europe in October. Stronger renewable generation coupled with above-average temperatures shrank total gas demand in the UK and Italy by a hefty 0.65 bcm (11%) y/y and 0.40 bcm (7%) y/y, respecti..
A very warm October has left EU gas stocks at the start of November at 88.2 bcm, only 3.2 bcm down y/y. This level of storage fullness leaves little reason for supply concern this winter under most weather scenarios. Most of the y/y gap was in France (down by 2.0 bcm y/y). An additional 1.2 bcm s..
Prompt gas prices should continue to find support this week from a combination of Norwegian production constraints and forecasts for another several days of unseasonable cold. Last week, similar dynamics pushed the TTF D+1 to average 19.32 €/MWh, up sharply from 18.10 €/MWh in the week..
Within this report you will be able to review the latest figures published by Baker Hughes for the most important gas shale plays in the US.Fig 1: US total rig countFig 2: Appalachian shale plays rig countSource: Baker Hughes, Energy AspectsSource: Baker Hughes, Energy AspectsFig 3: US..
Today’s report (week ended 3 Nov): EIA: +15 bcf, EA: +15 bcfToday’s report was in line with our estimate. Dry production averaged 75.2 bcf/d, bringing total supply to 80.8 bcf/d. Demand averaged 78.6 bcf/d driven by 21.8 bcf/d of res-com demand and 21.7 bcf/d in the power sector.Next Thursday’s r..
Thursday’s EIA report (week ended 3 Nov) – EA Final Estimate: +15 bcfWe forecast tomorrow’s EIA report will show a 15 bcf injection, down significantly from last week’s injection of 65 bcf. Though production averaged a record high of 75.2 bcf/d (up by 0.4 bcf/d w/w), demand climbed by 7.4 bcf/d w..
Overall gas imports to the EU market were up by 3.1 bcm y/y in October, with increased supply from Russia, North Africa and LNG. EU imports of Russian gas in October were higher y/y by 0.51 bcm at 13.9 bcm, data from system operators (SOs) indicated. While up in total, Russian flows w..
Gas demand was mixed for Spain and Italy during October. Low hydro levels and nuclear availability boosted power sector gas demand in Spain, driving total demand 8% higher y/y to 2.54 bcm, while in Italy total gas demand fell by 7% y/y to 5.11 bcm on milder weather and strong renewable generation..
HDDs in Central Eastern Europe (CEE) averaged 20% lower y/y last month, easing gas demand and helping the region post a 0.80 bcm injection into storage compared to a 0.58 bcm withdrawal the year before, despite Russian imports into the region being lower y/y. Aggregate net Russian flows into..